Follow the author of this article

Follow the topics within this article

Security outsourcer G4S is looking to spin off its cash handling business after coming under pressure from shareholders to speed up the pace of its drawn-out turnaround.

The FTSE 250 company said it was reviewing “separation options” for the business, which tops up cash machines and ferries coins and banknotes between companies and their banks in armoured vans in 45 countries.

Ashley Almanza, chief executive, said the move was not the beginning of a sales process but that potential options on the table could include a demerger or a stock market listing.

Asked if G4S was currently in talks with parties about a possible sale he added: “Our focus is very much on this process of separation for now.”...